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Berlin, March 28, 2019 - Francotyp-Postalia Holding AG (FP), the expert in secure mail business and secure digital communication processes, today published its 2018 Annual Report titled "Dynamics - Security - IoT". The company confirms the preliminary figures published on March 7. Revenue in the 2018 fiscal year amounted to EUR 204.2 million and grew by 0.3% adjusted for currency effects to EUR 206.9 million. EBITDA reached EUR 17.1 million and, adjusted for currency effects and JUMP expenses, rose by 1.3 % to EUR 26.7 million. Adjusted free cash flow improved to EUR 10.9 million compared to EUR 9.9 million in the previous year.
FP has thus achieved its revenue and EBITDA forecasts and exceeded those for adjusted free cash flow. The Management Board and Supervisory Board will propose to the Annual General Meeting on 28 May 2019 a tax-free gross dividend of 3 euro cents per share to be paid. This corresponds to a ratio of more than 50% of consolidated net income. Despite the scheduled high expenses for the ACT growth strategy and the JUMP project, the company is thus demonstrating continuity in its dividend policy.
Strong growth for 2019
For the 2019 financial year, the FP Group expects a strong increase in revenue. The company anticipates a positive development in all three product areas. Adjusted for expenses for the ACT project JUMP, the company also expects EBITDA to rise strongly year-on-year.
Expenses in the low single-digit million range are planned for 2019 for the important ACT project JUMP. At the same time, the company expects further positive effects from JUMP in 2019.
In view of the high investments in ACT and in new products, expected to remain at the previous year's level, the FP Group expects a positive free cash flow for the 2019 financial year, adjusted for investments in finance lease assets, M&A and expenses for the ACT project JUMP, to be considerably below the previous year's level.
The expected development of the financial performance indicators is generally based on the assumption of constant exchange rates.
For the fiscal year 2020, the target remains a revenue of EUR 250 million and an EBITDA margin of 17 %.
For press enquiries please contact:
Maik Laske, Treasury/M&A, Investor Relations
Tel.: +49 (0)30 220 660 410
Contacts in the company:
Karl R. Thiel, VP Corporate Communication
Tel.: +49 (0)30 220 660 123
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About Francotyp-Postalia (FP)
The FP Group, a listed international company headquartered in Berlin, is an expert in secure mail business and secure digital communication processes. As the market leader in Germany and Austria, the FP Group offers products and services for efficient mail processing, consolidation of business mail and digital solutions for businesses and authorities with its product segments "Franking and Inserting", "Mail Services" and "Software". The Group generated revenue of more than EUR 200 million in 2018. Francotyp-Postalia is represented in ten countries with its own subsidiaries and in a further 40 countries via its own network of dealers. Thanks to a history spanning more than 96 years, FP has a unique DNA in the fields of actuator and sensor technology, cryptography and connectivity. It has a share of over 10% in the global market for franking systems.
You can find out more at www.fp-francotyp.com.